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House Republicans are eyeing reforms to federal benefits that would impose work requirements on a wider swath of Americans.

Rep. Dusty Johnson, R-S.D., chair of the right-wing pragmatist Main Street Caucus, is planning to introduce the ‘America Works Act of 2025,’ Fox News Digital has learned.

The bill would mandate that single, able-bodied Americans on the Supplemental Nutritional Assistance Program (SNAP) – colloquially known as food stamps – between the ages of 18 and 65 take on at least 20 hours per week of work or work-related education.

Adults with a dependent child under age 7 would be exempt, according to a summary provided to Fox News Digital.

‘Able-bodied people who can work should work if we want to continue to have our welfare programs be pathways out of poverty,’ Johnson told Fox News Digital in an interview. ‘There is no reliable path out of poverty that doesn’t have work, training and education at its core.’

It comes as House Republicans get ready to negotiate on how to meet spending cut targets in their plans to move President Donald Trump’s agenda via the budget reconciliation process.

By leveling the threshold for passage in the House and Senate at a simple majority, reconciliation allows the party in power to pass budgetary or other fiscal priorities in a massive piece of legislation with zero support from lawmakers on the opposing side. The threshold for passage in the Senate is otherwise two-thirds for most items.

GOP lawmakers are looking to accomplish a wide swath of Trump policies, from more funding for the border wall and detention beds to eliminating taxes on tipped and overtime wages.

To offset the cost of that spending, the House’s reconciliation framework directs several committees to find areas for spending cuts. The House Committee on Agriculture, which oversees SNAP, must aim to cut at least $230 billion in spending.

The new bill gives the Department of Agriculture (USDA), which oversees food stamps, the ability to exempt people who live in counties where the unemployment rate exceeds 10%.

Two sources familiar with discussions told Fox News Digital that Johnson’s bill closely resembles what will end up in Republicans’ reconciliation bill.

When asked about cost projections, however, Johnson emphasized that his bill was motivated by social rather than fiscal change.

‘It would be expected to be a major cost-savings, and while I think that’s important, my primary motivator is how much work requirements have proven to improve lives as opposed to how much money they save,’ he said. ‘I want people to escape poverty.’

Currently, adults aged 18 to 54 can receive three months of SNAP benefits in three years at most before a requirement kicks in to work at least 80 hours per month.

Johnson’s bill would also strip present exemptions for young adults who recently aged out of foster care and for veterans. Those were included during bipartisan negotiations on raising the debt limit in 2023, as part of the Fiscal Responsibility Act.

‘The concessions we had to make in the Fiscal Responsibility Act to get things done were not helpful changes,’ Johnson said when asked about the change.

‘It was just telling all veterans and all young adult former foster kids that the work requirements didn’t apply to them, and that’s not actually helpful to getting them to a better financial path.’

He pointed out there would still be exceptions for pregnant women, people with disabilities, people living in high-unemployment counties, and others.

‘My bill would go back to the way it was before, which is the same eligibility requirements applied to veterans and foster kids are applied to everybody else,’ he said.

This post appeared first on FOX NEWS

Some 7,000 people have died since January in fighting in eastern Democratic Republic of Congo (DRC), its prime minister told a high-level meeting of the Human Rights Council in Geneva on Monday.

Some 450,0000 people are without shelter after 90 displacement camps were destroyed, Judith Suminwa Tuluka added.

The M23’s advance is the gravest escalation in more than a decade of the long-running conflict in eastern Congo. The rebel group’s capture of swathes of the east and valuable mineral deposits has fanned fears of a wider war.

Rwanda rejects allegations from Congo, the United Nations and Western powers that it supports M23 with arms and troops.

The prime minister urged the world to act and to impose “dissuasive sanctions” amid mass displacements and summary executions.

“It is impossible to describe the screams and cries of millions of victims of this conflict,” she added.

In the opening remarks at the 58th UN Human Rights Council in Geneva, UN chief Antonio Guterres said that human rights around the world are being “suffocated” and referred to horrifying human rights abuses in the DRC.

Since the start of the year, the DRC has faced back-to-back losses in North and South Kivu provinces, fueling criticism of the authorities’ military strategy.

This post appeared first on cnn.com

Germany’s political system is set up to exclude extremists. Yet the country is waking up to a new political reality that has lurched to the right with the once outcast Alternative for Germany (AfD) party now firmly established in German politics.

The country’s mainstream conservatives, as polls predicted, won the largest share of votes in Sunday’s election according to official preliminary results and will be looking to form the next government, while the AfD came in second. But make no mistake – second place is a huge result for a party that although it likely won’t be in office once the dust settles, will enjoy expanded influence.

The party has doubled its support since the previous election in 2021, when it received 10.3% of the vote. It is now the first far-right party in Germany’s post-World War II history to have attained such broad levels of public popularity, and it has also significantly increased its share of seats in Germany’s parliament, or Bundestag.

The AfD reached a particularly large number of voters in eastern Germany, where it has long had a stronghold. But it also gained some significant support in constituencies in the country’s west, including the industrial city of Gelsenkirchen which has been suffering with stagnating economy and high unemployment, and Kaiserslautern, which is surrounded by a number of US military installation, including the Ramstein Air Base.

“We have never been stronger – we are the second-biggest force,” AfD co-leader Alice Weidel gloated, as she addressed crowds in Berlin after exit poll results were revealed on Sunday evening.

The mood at the far right’s election party in Berlin was ecstatic as the exit polls first flashed onto the screens, with people cheering and waving Germany flags.

For his part, Christian Democratic Union (CDU) leader and Germany’s likely next chancellor Friedrich Merz claimed victory as he slammed US interference in the country’s election campaign – which saw high-profile figures from the Trump administration speak out in support of the AfD.

These interventions are “no less dramatic and drastic and ultimately outrageous than the interventions we have seen from Moscow,” Merz said.

Formed in reaction to Eurozone policies in 2013, the AfD had become accustomed to being on the fringe of German politics, in a country scarred by its Nazi past and where any far-right party has been treated with caution.

It only secured its first seats in the Bundestag in 2017 and struggled to find a platform on Germany’s traditional media due to its strident anti-migrant and anti-Islam rhetoric. This election marks the first time the party has ever fielded a candidate for chancellor.

The party has called for “remigration” – the mass expulsion of immigrants. The controversial policy has drawn comparisons to the Nazi era. The AfD is officially suspected of right-wing extremism by German authorities, and parts of it have been under government surveillance.

All that appears to have changed. The AfD is now Germany’s largest opposition party, making it a major political contender that cannot be ignored. It has driven the debate in Germany while forcing mainstream rivals to recognize that they need to do more on flashpoint issues if they want to retain votes.

Their rise reflects what has been happening across Europe where a host of hard-right parties have made gains. Whether in the Netherlands, France or Austria, such parties can no longer easily be dismissed as political outcasts when they have won over sizeable shares of the vote – or in the case of Italy, run the country.

Having a significant voice in parliament means that “they [the AfD] will be able to apply pressure on the major parties from a position of greater strength,” said Gemma Loomes, a Lecturer in Comparative Politics at Keele University.

“The surge in support will embolden the party to talk, perhaps even more aggressively, about the issues that matter most to them but that the major parties are reluctant to address,” Loomes added.

All this begs the question: can the so-called “firewall” – an unofficial agreement between Germany’s mainstream parties to band together to keep the AfD out of power – last?

Merz’s controversial decision to push through an immigration bill with help from the AfD in January could be an early indication of how he intends to proceed in his chancellery.

She believes there may already be a “crack” in the firewall.

“In five, or 10, or 15 years it may no longer be there,” she speculates, perhaps at the regional level initially, if not the national level.

“The real question for center parties is how do we address voters’ genuine grievances, and how do we do it in a way that doesn’t just amplify the far right.”

Meanwhile, AfD politicians already have their sights firmly set on the next election in 2029 – when they are determined the firewall” will no longer exist.

Similarly, Weidel told reporters in Berlin on Monday morning, “Friedrich Merz has decided to maintain his blockade stance towards the AfD. We consider this blockade to be undemocratic. You cannot exclude millions of voters per se.”

Merz’s right-wing pivot ‘fraught with danger’

Merz now faces a tightrope walk as he seeks to form a new government while carving out a new path for the CDU.

The CDU has been ever-present in Germany’s post-war era and oversaw the reunification of east and west.

Yet, at the same time, everything has changed since it was last in power.

No longer tied with the liberal, “open door” policies it became synonymous with under Angela Merkel, Merz has vowed to bring the party back to its more conservative roots as part of efforts to counter the far right.

However, Merz’s promise to pivot the CDU back to the right does not come without risks. The move threatens to further embolden the AfD while isolating the CDU’s more centrist supporter base.

For Loomes, it is a decision that is “fraught with danger.”

“The AfD currently has positioned itself as the only party willing to talk about immigration and to propose radical action to tackle the perceived problem,” she said.

“If the CDU positions itself in this space, it risks being perceived as a less authentic version of the AfD. Voters are convinced the AfD cares passionately about limiting immigration; they may be less convinced it is a genuine priority for the CDU.”

Merz’s new government will likely involve the other major centrist party, the center-left Social Democrats (SPD), which led Germany’s previous coalition and came out third in Sunday’s vote.

However, coalition building could prove difficult, with the two parties potentially clashing on key issues, particularly foreign policy. There are no guarantees that the new government will not be as incohesive and unable to govern as the previous coalition.

Transatlantic winds

While Germany has long held far-right parties with a disdain not seen in its European neighbours, some Germans believe the time has come to break old taboos.

And the AfD’s powerful transatlantic ally is only serving to bolster this view.

Tech billionaire Elon Musk addressed crowds during a surprise appearance at the AfD campaign launch in January. “There is too much focus on past guilt, and we need to move beyond that,” he said, in a speech that echoes AfD talking points and was met with rapturous applause.

Meanwhile, in a scathing speech at the Munich Security Council, US Vice President JD Vance told Europe’s leaders that there is “no room for firewalls” in a democracy, a clear nod to the AfD.

Merz will have to contend with a Trump administration that has praised a key rival and appears set on dismantling long-term security ties between Europe and the US.

A strong Berlin government and a united Europe now seems more important than ever. The continent is searching for leadership as Trump moves ahead on Ukraine peace talks without its involvement.

For Merz, Europe’s independence from the US is a prime concern. “My absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA,” he said at a televised roundtable with other party leaders Sunday evening.

While Germany’s mainstream has held off a radical far-right government, Merz’s challenges are only just beginning.

This post appeared first on cnn.com

(TheNewswire)

Silver Crown Royalties

TORONTO, ON, FEBRUARY 24, 2025 TheNewswire – Silver Crown Royalties Inc. ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce that it has engaged Investor Cubed Inc. (‘ Investor Cubed ‘) to provide investor relations and shareholder communications services in Canada. The terms of the consulting agreement with Investor Cubed (the ‘ Agreement ‘) provide for up to a one-year term (terminable at SCRi’s option after three months), provides for cash compensation of C$10,000 per month payable by Silver Crown to Investor Cubed for services rendered pursuant to the terms of the Agreement. Subject to approval by Cboe Canada Inc., Investor Cubed will also be entitled to 25,000 common shares of Silver Crown to be issued in equal quarterly instalments over the one-year term subject to termination clause under the Agreement.

Neil Simon, CEO of Investor Cubed, stated, ‘Investor Cubed is excited to begin working with Silver Crown. We have been interested Silver and looking for an ideal way to capitalize on the strong price movement and bullishness of the commodity. We believe Silver Crown offers an ideal way to invest in Silver without all the associated risks when investing in silver mining companies.  Silver Crown is poised to deliver strong results and increased growth for its shareholders’.

Silver Crown is also pleased to announce that it has successfully closed the first tranche of its previously announced non-brokered private placement. The Company issued 67,538 units (‘ Units ‘) at a price of C$6.50 per Unit, for gross proceeds of approximately C$439,000. Each Unit consists of one common share (‘ Common Share ‘) and one common share purchase warrant (‘ Warrant ‘), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date. The proceeds from this tranche will be used to partially fund the second tranche of the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.

‘We look forward to leveraging Investor Cubed’s experience and client base. We believe this will boost our ability to connect Silver Crown Royalties with key Canadian investors,’ stated Peter Bures, CEO of Silver Crown Royalties. ‘Their expertise and the first tranche closing strengthen our financial position and serve to elevate our presence in Canada’s investment community.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, SCRi is a publicly traded, silver royalty company. SCRi currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure allowing for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

Investor Cubed Inc.

Neil Simon, CEO Telephone: 647-258-3310

Email: nsimon@investor3.ca

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include but are not limited to, ‘We look forward to leveraging Investor Cubed’s experience and client base. We believe this will boost our ability to connect Silver Crown Royalties with key Canadian investors’, and ‘Their expertise and the first tranche closing strengthen our financial position and serve to elevate our presence in Canada’s investment community.’ Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

Prismo Metals Inc.

Vancouver, British Columbia, February 24th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ) (OTCQB: PMOMF) today provided an update regarding its projects in Arizona and Mexico, as well as recent corporate activities.

‘The priority for Prismo in 2025 remains raising the necessary capital to undertake a 5,000-meter drill program at our Hot Breccia copper project located in the heart of the prolific Arizona Copper Belt’, said Alain Lambert, CEO of Prismo.

The Hot Breccia copper project consists of 1,420 hectares in 227 contiguous mining claims located in the world class Arizona Copper Belt surrounded by several very well understood world-class copper mines including Morenci, Ray, San Manuel and Resolution (Figure 1). Hot Breccia shows many features in common with these neighboring systems, most prominently a swarm of porphyry dikes and series of breccia pipes containing fragments of well copper-mineralized rocks mixed with fragments of volcanic and sedimentary units, derived from considerable depth. Prismo performed a ZTEM survey last year that identified a very large conductive anomaly directly beneath the breccia outcrops.


Click Image To View Full Size

Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

Mr. Lambert added: ‘Our updated financing strategy includes continuing discussions with both potential investors and strategic partners already present in our district or wanting to gain a foothold in the district. As such, we expect to proceed with a financing on different terms than we contemplated in late 2024 (1) .’

As part of Prismo’s financing efforts to fund the proposed drill program at Hot Breccia, the Company confirms its attendance at the upcoming Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 2 to Wednesday, March 5, 2025. The Company encourages attendees to meet the Prismo team at Booth #3145 in the Investor’s Exchange.

Palos Verdes

At the Palos Verdes project the fourth phase of drilling by Prismo was undertaken last year.  As announced on July 31 st , 2024, Prismo’s team mobilized at Palos Verdes in early August and immediately began preparation for the drill program which is a collaborative effort between Prismo and Vizsla Silver. The drill program follows three main target recommendations made by the Panuco Joint Technical Committee comprised of Prismo ‘s Chief Exploration Officer Dr. Craig Gibson, Vizsla Silver’ s VP Exploration Dr. Jesus Velador and Advisor Dr. Peter Megaw. The program has three main goals (See Figs. 2 & 3 below):

  1. Trace the down dip extension of the mineralized shoot defined by previous drilling on the southwest portion of the vein.

  2. Seek continuation of the vein on the northeast extension of the vein across a cross-fault believed to have offset the vein downward.

  3. Test the extreme northeasterly extension of the Palos Verdes vein system near the concession limit adjacent to the historical Jesusita mine.

The Company announced that drilling had begun on September 24, 2024, with a goal to test targets on the Palos Verdes concession utilizing drill pads located on Vizsla’s concessions adjacent to Palos Verdes for greater drilling efficiency. Two holes were completed from remote site PV005 to drill downdip from the high-grade mineralized body drilled previously: PV-24-34 was drilled to a depth of 286.5 meters and hole PV-24-35 was drilled to a depth of 318.0 meters. The program was curtailed in late November after slow advances and budgetary considerations.  Assay results from the drilling remain pending.

Figure 2: Location and orientation of the proposed drill holes


Click Image To View Full Size

Figure 3. Geologic and drill hole map of the Palos Verdes and adjacent concessions showing the surface projection of interpreted mineralized shoots based on surface assays and the location of an interpreted high-level alteration assemblage identified in core. Note NW-SE fault in the center of the claim is believed to have dropped-down the NE extension of the vein system.  Drill pads for holes to be collared on Vizsla Silver ground are shown in purple and will test target areas indicated on the surface by the red ellipses . The location of new hole PV-24-34 is also shown.


Click Image To View Full Size

Figure 4. 3D view of the sub-surface at Palos Verdes looking northeasterly at the cross section with drill holes PV-34 and PV-35, showing the palos Verdes vein with areas of >150g/t AgEq in orange and >300 g/t AgEq  in red as well as the northwest fault zone.

Shares for Debt Transactions and Options Grant

Prismo also announces that it has entered into debt settlement agreements (the ‘Settlement Agreements’) with certain creditors of the Company (the ‘Creditors’) pursuant to which the Company agreed to issue to the Creditors, and the Creditors agreed to accept, an aggregate of (i) 4,436,175  shares of the Company (each, a ‘Share’) at an average price of $0.105 per Share in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $460,959 (the ‘Debt Settlement’).

‘Sixty-four percent (64%) of the shares to be issued will be issued to Walnut Mines LL, an Arizona corporation (‘Walnut’) which owns the Hot Breccia claims optioned by Prismo. Walnut has agreed to increase their ownership position in Prismo in lieu of cash to make up for an approximate $284,559 in exploration expenditure shortfall in 2024 as well as postponing a $100,000 option payment. We thank Walnut for their continued support of Prismo and the Hot Breccia project,’ said Mr. Lambert.

Dr. Linus Keating CPG, the Manager of Walnut stated today, ‘Walnut is pleased to see Prismo advancing the Hot Breccia project. These partners have contributed good quality technical work that has significantly advanced this important porphyry copper property into a large-scale target. Walnut believes that a positive and ongoing relationship will progress into resounding success.’

All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.

Prismo announced that it has granted 250,000 Options to a consultant of the Company. The Options are each exercisable to purchase one common share of the Company (a ‘Common Share’) at an exercise price of $0.12 for a period of two years. The Options will vest as of 25% vesting immediately and 25% every three months thereafter.

Los Pavitos

Prismo has provided Minera Cascabel with a notice of termination of the Option Agreement dated October 11 th , 2019. In the current market conditions Prismo is not in a position to support this project, and considering the ongoing funding requirement just to hold the property, it was decided that terminating the option was the best course of action.

Note

  1. (1) See Prismo’s news release dated December 2 nd , 2024

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations has reviewed and approved the technical disclosures in this news release. Dr. Gibson is also Chief Exploration Officer and a director of the Company.

About Prismo

Prismo (CSE: PRIZ) is mining exploration company focused on its Palos Verdes precious metal projects in Mexico and its Hot Breccia copper project in Arizona.

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Steve Robertson, President steve.robertson@prismometals.com

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Palos Verdes and Hot Breccia. The current drill program is being conducted from a concession not owned by the Company and a change in Vizsla’s business plan in the drilling area could negatively impact Prismo.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, notably delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: Vizsla will continue to work with Prismo to allow for drilling at Palos Verdes, the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (February 21) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$95,056, reflecting a 3.4 percent decrease over the past 24 hours. The day’s trading range has seen a high of US$99,262 and a low of US$94,909.

Ethereum (ETH) is priced at US$2,637, marking a slump of 4.1 percent over the same period. The cryptocurrency reached an intraday high of US$2,837 and a low of US$2,625.

Altcoin price update

  • Solana (SOL) is currently valued at US$169.56, down 2.8 percent over the past 24 hours. SOL experienced a high of US$179 and a low of US$168 during Friday’s trading session.
  • XRP is trading at US$2.53, reflecting a 6 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.70 and a low of US$2.52.
  • Sui (SUI) is priced at US$3.27, showing a 5.8 percent decrease over the past 24 hours. It achieved a daily high of US$3.55 and a low of US$3.23.
  • Cardano (ADA) is trading at US$0.7574, reflecting a 6 percent decrease over the past 24 hours. Its highest price on Friday was US$0.8166, with a low of US$0.7526.

Crypto news to know

SEC agrees to dismiss Coinbase case

Coinbase Global (NASDAQ:COIN) said Friday that the US Securities and Exchange Commission (SEC) has agreed to dismiss its case against the cryptocurrency exchange, pending final approval from regulators.

The SEC sued Coinbase in June 2023, alleging that it was operating as an unregistered securities platform and brokerage service. It accused Coinbase of generating billions in revenue while failing to provide investor protections.

Coinbase shared the update on social media platform X, stating, “But this isn’t the end. It’s the beginning. And if there were ever a time to build — that time is now. Thank you to everyone who stood with us, and stood with crypto.”

“The SEC’s swift action to bring order to the crypto industry and restore fairness is encouraging. Commissioner Peirce’s Task Force has been instrumental in this progress, taking a thoughtful, inclusive approach that actively seeks industry and stakeholder input. The SEC faces a challenging task — not only must it undo harmful policies, but it must also lay the foundation for sound regulatory frameworks. And as history shows, undoing bad policy is itself good policy.

Under Acting Chairman Uyeda and Task Force Leader Commissioner Peirce, the SEC is holding itself to a higher standard, and I am pleased — but not surprised — to see this shift. I am confident that this commitment to fairness and integrity will continue under incoming Chairman Atkins.”

Guillén leads BakerHostetler’s digital and innovative markets team and co-leads its blockchain team; she is also a former attorney with the SEC’s Office of the General Counsel, and was among the candidates that the Trump administration considered for the position of SEC chair.

Jan3 CEO suggests ‘manufactured’ price action

Samson Mow, CEO of Jan3 and founder of Pixelmatic, suggested that Bitcoin’s range-bound price action may be manufactured during a panel discussion at Consensus Hong Kong 2025 on Wednesday.

“If you look at the price movement, we peak, and then we stay steady and chop sideways. And it’s good, you can say it’s consolidation, but it just looks very manufactured.”

Mow indicated that the significant buying pressure from retail and other major investors accumulating BTC must be offset by substantial selling pressure.

Additionally, FTX’s recent Bitcoin sales, as part of their payout process, might be creating downward pressure on the market, counteracting the upward momentum generated by significant buying interest. This situation leads to a period of price stabilization rather than immediate growth.

“FTX is starting to pay out their dollars from selling Bitcoin, ill-advisedly, in the mid-20K range, so clearly, somebody is selling to match this. Otherwise, the price would already be moving upwards again,” Mow said.

Bybit experiences its largest security breach

Bybit co-founder and CEO Ben Zhou confirmed a security breach that saw over US$1.4 billion in liquid-staked Ether and other ERC-20 tokens hacked from the cryptocurrency exchange on Friday morning.

The confirmation came roughly one hour after on-chain security analyst ZachXBT spotted the incident shortly after it occurred, according to Cointelegraph’s coverage of the event.

The attack appears to have compromised the signing process for transactions, allowing hackers to manipulate the smart contract logic of the cold wallet. The hack affected only Bybit’s Ethereum cold wallet; other wallets, including Bitcoin reserves, remain secure.

Bybit has obtained a bridge loan covering a significant portion of the stolen funds and continues to process withdrawals. The situation is ongoing, and Bybit is working with other exchanges to track and potentially freeze the stolen assets. Arkham Intelligence attributed the hack to the North Korean group Lazarus.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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‘We are way closer to the beginning than we are to the end,’ former CIA Moscow station chief Dan Hoffman said as Ukraine entered a fourth year of war on Monday. 

Since the Nov. 5, 2024, re-election of President Donald Trump, the Western world has been scrambling to understand what the future holds for Russia’s war in Ukraine as Washington looks to re-establish ties with Moscow in a move to end the conflict and secure a peace deal.

In the span of a week, Trump held a call with Russian President Vladimir Putin; Secretary of State Marco Rubio met with his Russian counterpart Sergey Lavrov; retired Lt. Gen. Keith Kellogg, special envoy for Ukraine and Russia, met with Ukrainian President Zelenskyy, and Defense Secretary Pete Hegseth sparked international debate by pronouncing that Ukraine would unlikely be permitted to join NATO.

But far from bringing a sense of optimism that an end to the brutal war in Ukraine could be on the horizon, questions erupted across the globe as the geopolitical atmosphere descended into a state of confusion.

‘What a ceasefire would look like? I have no idea,’ Hoffman said, highlighting the numerous and almost indeterminable factors that will shape whether Moscow and Kyiv agree to terms under a deal.

‘It’s getting the Russians to stop. That’s the key,’ he explained. ‘The Russians are intrigued by the idea that they could make a grand bargain with this administration and eliminate the sanctions that are causing so much harm. 

‘But what hangs over this is Vladimir Putin – he’s a KGB guy. He hates Donald Trump just as much as he hates Hillary Clinton and Joe Biden, and every one of us, because the United States is the main enemy,’ Hoffman explained. ‘He’s going to try to get a great deal. 

‘Putin’s going to try to frame negotiations as if Russia is going toe to toe with the United States, he will want to make it look like Russia got the better of us, to enhance his own image and the Kremlin’s [to] throw weight against us globally, including in the MIddle East and Africa,’ Hoffman explained. 

Some of the biggest factors that will be involved in negotiating a ceasefire will be security guarantees for Ukraine, including whether Russia has the right to influence who can be permitted into the alliance. 

‘Ukraine’s NATO membership should not be a negotiation tactic, because we don’t want Russia to have, you know, de facto veto power over who joins NATO,’ Catherine Sendak, director of transatlantic defense and security with the Center for European Policy Analysis (CEPA), said during a discussion on Ukraine on Thursday. 

Some nations like Britain and France have said they may be willing to send in troops to serve as a deterring force should a ceasefire be agreed to, though Russian officials have already said NATO forces in Ukraine would be unacceptable to Moscow.

Though even with European forces in Ukraine, it remains unclear in what capacity as a deterring force they would serve.

Questions over whether European forces would help police Ukrainian borders shared with Russia or merely act as air and naval support for Kyiv remain.  

Experts involved in the CEPA discussion were unanimous in their agreement that the U.S. should be involved, though the Trump administration has already suggested that not only will the possibility of the U.S. sending in troops to Ukraine not be an option, but it may look to remove American forces currently positioned around Europe. 

‘Many European nations just have not had any experience in leading a force of that size,’ said William Monahan, senior fellow with CEPA and former deputy assistant secretary of state for political-military affairs during the previous Trump administration.

‘Determining where the U.S. could be providing key enablers, I think, would be an essential element of any force, and determining its credibility and deterrence capability,’ he added.

Putin has made clear that his latest war objective is the ownership of four Ukrainian regions, Luhansk, Donetsk, Zaporizhzhia and Kherson, which he illegally ‘annexed’ in 2022 but none of which have his forces been able to fully seize.

Zelenskyy has said he will not agree to cede any land to Russia, including Crimea, which Russia has illegally occupied since 2014, but which Hegseth said this month would be an ‘unrealistic’ objective at the negotiating table. 

Though some Western experts have argued that Ukraine does not necessarily need to cede land in order to reach a ceasefire agreement. 

This proposal suggests that the Ukrainian territory would remain internationally recognized as ‘occupied’ by Russia, which would allow the fighting to stop, though Kyiv and its international partners would then need to attempt to renegotiate land releases at a later time. 

What has become clear is the Trump administration’s push for Europe to be more heavily involved in providing military support to Ukraine. But as European nations look to ramp up defense on the continent without Washington’s support, security experts are warning this is changing geopolitical views of the U.S. and its reliability as an ally.

‘I think there is a group of European countries now, I think increasingly, including the U.K. potentially, and France, that actually are beginning to see the U.S. as part of the problem,’ said Sam Green, director of democratic resilience at CEPA and professor of Russian politics at King’s College London.

Green said European nations may need to come up with their own solution to counter a U.S.-Moscow proposal for a ceasefire in Ukraine. 

Ultimately, the security experts warned that the increasingly apparent divisions between Washington under the Trump administration and Europe are playing into one of Putin’s longtime chief aims.

‘I think there’s a need to get a coordinated approach that brings in our allies and partners [and] maintains that source of strength,’ Monahan said. ‘I think Putin is very happy he has been able to achieve one of his strategic goals, which is create disunion and division among the United States and its allies in the transatlantic relationship.’

When asked by Fox News Digital if some of the controversial comments made by Trump, like calling Zelenskyy a dictator, claiming he has low internal approval ratings and seeming to suggest he was to blame for Russia’s illegal invasion, are aiding Putin in his negotiating calculus, Hoffman said, ‘I don’t know what damage, if any, it’s causing, but the intelligence community can assess that.’

‘What Vladimir Putin thinks about the U.S. and Ukraine, about Zelenskyy and Trump going, rhetorically at least, toe to toe in the Octagon against each other – it’s not a great look,’ he added. 

‘[Putin] thinks he can break Europe. He doesn’t think Europe is going to be strong enough without the United States,’ Hoffman argued. ‘That’s certainly the past. The history during the Soviet-Evil Empire, it was the U.S. strength, our nuclear umbrella, that deterred the Soviet Union from expanding.

‘NATO has always been an alliance to deter Russian aggression,’ he said. ‘We’re nowhere close to knowing how all this is going to play out. 

‘Right now, you’re just hearing a lot of noise,’ Hoffman cautioned. 

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A watchdog group focused on getting diversity, equity and inclusion (DEI) out of medicine found that the National Cancer Institute (NCI) is actively spending millions of grant dollars to boost the number of racial minorities in the cancer workforce. 

This funding, uncovered by the nonprofit watchdog Do No Harm, shows that $218 million in NCI grants for ‘underrepresented’ groups – mainly racial minorities – is actively dispersed by the NCI. Prior to President Donald Trump taking office, during the Biden administration, around 3% of the NCI’s total grant funding every year went to institutions so that they can hire more faculty members and scientists who are minorities, according to Do No Harm.

The revelation comes as Elon Musk’s DOGE puts a slew of funds related to DEI on the chopping block amid efforts to slim down government spending. Trump and fellow Republicans have pushed hard against DEI policies throughout the government in recent weeks, making the case that public programs should instead focus on meritocracy. 

Among the NCI’s DEI grants that remain active under Trump are two totaling more than $10.5 million, awarded to the Icahn School of Medicine at Mount Sinai. These grants support hiring initiatives aimed at ‘inclusive excellence’ and programs that promote advancing the careers of racial minorities.

One of the grant’s descriptions explicitly calls for the recruitment of 12 scientists from ‘underrepresented groups,’ while the other grant’s description includes, alongside its recruitment and hiring goals, a plan to ‘modify the Mount Sinai Health System Task Force To Address Racism Roadmap for Change with key strategies as the basis for an Icahn School of Medicine at Mount Sinai Roadmap for Inclusive Excellence.’ 

In a statement to Fox News Digital, Do No Harm Chairman Dr. Stanley Goldfarb said the NCI must ‘stop promoting a politically motivated DEI agenda.’

‘The National Cancer Institute has been taking advantage of taxpayers to push a DEI agenda on the medical field,’ Goldfarb said. ‘They dole out $218 million each year for grants prioritizing ‘underrepresented’ in medicine, which has generally been defined as anyone from a racial minority group, except Asian Americans. The National Cancer Institute should not be rewarding racial discrimination with taxpayer money. Racial discrimination has no place in medicine.’

Under former President Joe Biden, the NCI’s website was filled with statements and sources about programs tied to DEI, but, following Trump’s executive order demanding an end to DEI in the federal government, much of that has come down. Fox News Digital reached out to the NCI to question whether it had any plans to terminate any of its active grants promoting DEI hiring, but did not receive a response by press time. 

Fox News Digital also inquired about the sub-agency’s Equity Council, established in 2021 under Biden, but did not receive a response. The council is a steering committee for the NCI’s equity and inclusion efforts.

DOGE claims it has already addressed hundreds of millions of taxpayer dollars in DEI-related contract cuts, including $350 million at the Department of Education. 

Last month, DOGE announced that taxpayers would see just over $1 billion in savings through the elimination of 104 DEI contracts.

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Ukrainian President Volodymyr Zelensky on Monday hailed Ukraine’s “absolute heroism” as he marked the third anniversary of Moscow’s full-scale invasion, and as European leaders began arriving in the capital Kyiv in a show of support for the embattled country.

“Three years of resistance. Three years of gratitude. Three years of absolute heroism of Ukrainians. I am proud of Ukraine!” Zelensky wrote on X alongside a video showing scenes from the frontline and Ukrainian civilians supporting war efforts during the grinding conflict.

“I thank everyone who defends and supports it. Everyone who works for Ukraine. And may the memory of all those who gave their lives for our state and people be eternal.”

The anniversary comes with Ukraine facing great uncertainty about its future after US President Donald Trump pivoted toward Russia and US officials insist that Europe can no longer rely on Washington for its defense.

European leaders arrived in Ukraine on Monday, according to social media posts and images posted by Ukraine’s public broadcaster Suspilne.

Some roads in the center of Kyiv were blocked and police officers were deployed.

“On the 3rd anniversary of Russia’s brutal invasion, Europe is in Kyiv,” said European Commission President Ursula von der Leyen in a post on X, alongside a video that showed her meeting officials at a railway station with European Council President Antonio Costa.

“We are in Kyiv today, because Ukraine is Europe,” she said. “In this fight for survival, it is not only the destiny of Ukraine that is at stake.”

Images posted by Suspilne on its Telegram channel showed Canada’s Prime Minister Justin Trudeau also disembarking from a train and greeting officials.

Meanwhile, Russia launched another barrage of attack drones across Ukraine overnight, according to Ukraine’s Air Force.

Moscow launched 185 attack drones on Ukraine, of which 113 had been downed and another 71 disappeared from radar after being jammed, Ukraine’s Air Force said Monday.

The attack had “affected” Dnipropetrovsk, Odesa, Kyiv and Khmelnytsky regions, it said on Telegram, without saying whether it had caused damage or casualties.

The attack comes a day after Ukraine faced its largest drone assault since Russia’s invasion, with 267 drones launched, out of which 138 were intercepted, according to Ukrainian authorities on Sunday.

Ukraine’s armed forces commander-in-chief Oleksandr Syrskyi also hailed his troops on the anniversary of the invasion.

“The world did not believe that we would survive, but the Ukrainian people withstood the enemy’s attacks with dignity,” he wrote on Telegram.

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The rapidly changing metals landscape and where to invest were key themes addressed during the Commodities and Financial Markets session at this year’s AME Roundup in Vancouver, BC.

Rowena Alavi-Gunn, senior analyst at Wood Mackenzie, started her presentation “Battery Powerplay — Are Battery Metals Still Investable?” by recounting the challenges battery metals faced in 2024.

“I’ve picked this topic because battery metals have had a fairly rough 2024,’ she said.

‘We’ve seen low prices, weak demand, increasing costs — and generally sentiment is maybe sour towards them. And then on top of that, there’s geopolitical uncertainty,” Alavi-Gunn noted. Recent election results and weaker-than-expected electric vehicle (EV) demand may also be deterring investors from entering the battery metals sector.

Even so, the broad fundamentals remain positive for key metals like lithium, nickel, cobalt and graphite.

“I think there’s an opportunity for countercyclical investment in battery metals,” she explained.

Trump policies threaten US EV growth

Speaking about freshly inaugurated US President Donald Trump, Alavi-Gunn underscored that US EV proliferation could be hampered by the new administration. Trump could ease EV compliance rules, reduce subsidies and impose tariffs on Chinese batteries and Mexican auto imports, making EVs less competitive.

As a result, US plug-in vehicle sales could drop from 30 percent to 20 percent penetration, with hybrids gaining market share. This shift could reduce US battery demand by 20 percent.

However, outside the US the global EV outlook remains largely unchanged.

“Overall, we see very strong growth in EVs going forward,” Alavi-Gunn said, using a chart to illustrate her point. “Plug ins are growing at nearly 10 percent a year. Hybrids are growing at about 6 percent a year.”

While this steady increase in EV purchases is the largest contributing factor for the battery metals sector, each metal also has other end-use segments that offer support.

“We’re seeing very strong demand growth across all of the battery metals,” the Wood Mackenzie analyst noted. “Lithium, obviously, is just crazy, but the other battery metals are still growing pretty strong.”

IRA decisions could impact graphite supply

Although Trump’s decisions around the Inflation Reduction Act’s EV incentives — in particular the 30D tax credit for new clean vehicles — are expected to have little impact on global battery demand tallies, Alavi-Gunn noted that the graphite market could be impacted by the new administration’s policies.

“We think the US could have quite an impact if they keep the 30D credit in place, but they bring forward graphite inclusion,” she said. She went on to explain that graphite is a crucial component for batteries, with China dominating its supply chain. Currently US sourcing rules don’t require graphite to come from allied countries until 2027.

However, if Trump moves that deadline up, far fewer EVs will qualify for tax credits due to limited compliant supply.

As Alavi-Gunn pointed out, long-term demand for battery metals is bullish, despite a current glut in key markets.

The lithium and nickel markets are oversupplied, driven by surging production in China and Indonesia. This excess has kept prices low, but demand is expected to outpace supply by the 2030s, triggering shortages and price increases.

Cobalt also faces a similar long-term oversupply, though recycling economics could be a risk.

To fulfill the demand growth that Wood Mackenzie is projecting, Alavi-Gunn noted that billions of dollars in new investment will be required, particularly for lithium. She suggested that major mining firms, traditionally focused on iron ore and coal, may need to diversify into battery metals as these legacy commodities shrink in market size.

While lithium and nickel mines generate slightly less revenue than copper, they remain attractive investment opportunities, especially for companies looking to future-proof their portfolios.

This can be achieved through M&A or the development of new greenfield assets.

As Alavi-Gunn explained, lithium and copper assets command high premiums, making new development more cost effective, while nickel is cheaper to acquire than build.

However, greenfield projects come with risks like permitting delays.

She also noted that miners face competing demands for capital, such as shareholder returns, sustainability and diversification. While battery metals offer long-term potential, firms must act now to avoid future shortages.

The current downturn presents a countercyclical investment opportunity ahead of expected supply deficits and price surges in the 2030s, she said.

Canada’s pivotal place in global supply chains

Following Alavi-Gunn’s presentation, Emil Kalinowski, director of metals market research at Wheaton Precious Metals (TSX:WPM,NYSE:WPM), took to the stage.

His 20 minute presentation started with a brief overview of the geopolitical and economic forces shaping metals markets, highlighting a disconnect between analyst forecasts and historical trends.

As Kalinowski explained, critical and in-demand resources have become a key front in geopolitical tensions, alongside artificial intelligence, space and strategic waterways like the Black and Red seas.

“The metals and mining space has become a key battleground for the great powers in the world,” he said.

As metal supply chains become increasingly politicized, he believes Canada may be the most influential nation.

“Canada, in my mind, is one of the leaders on deciding who, what and where deals can take place,’ Kalinowski said. ‘With respect to national security and economic security, logistics, supply chains — Australia is leading the way when it comes to financing projects, but Canada is getting involved on a geopolitical basis very heavily.”

Although Kalinowski’s comments came the day after Trump’s inauguration, they appear to have been prophetic. Since taking office, the president has made numerous comments about the US absorbing Canada as the 51st state.

Trump has cited poor trade negotiations and subsidies as his reasons, but many have questioned the motives behind the proposal, with some speculating that the president would like to access Canada’s mineral wealth.

More recently, the Trump administration has requested US$500 billion in rare earths from Ukraine.

Analyst price predictions clash with supply realities

Switching his focus to gold, Kalinowski noted that despite bullish sentiment in the market and dramatic price increases for the precious metal, some analysts are making bearish projections.

“They are forecasting that gold prices will fall,” he told the audience.

“This is completely off the charts compared to the market and to history. I think they’re wrong.”

According to Kalinowski, analyst consensus predictions for gold don’t align with supply projections.

Forecasts suggest a slight annual decline in supply through 2030 — roughly 1 percent per year — putting future supply 2 to 3 percent below historical trends dating back to the Cold War, he explained.

Alternative supply sources like scrap and recycling are also shrinking.

Unlike past decades, when investors and central banks sold off gold, projections for 2030 show these entities will be accumulating instead, reducing available supply and challenging traditional market assumptions.

“So supply is not really explaining why analysts are so bearish,” he said. “Might it be demand? I don’t think so.”

In fact, global gold demand surged to an all-time high of 4,974 metric tons in 2024, fueled by strong central bank purchases and rising investment interest, according to the World Gold Council. The combination of record prices and high volumes pushed the total market value of demand to a historic US$382 billion.

Ultimately, Kalinowski attributed analysts’ bearish stance on the gold price to their failure to fully account for the supply constraints, the nuanced nature of gold demand and the geopolitical factors that could drive increased buying.

Diverging paths for silver, platinum and palladium

For sister metal silver, the consensus was more optimistic, with analysts predicting long-term price growth.

As Kalinowski pointed out, historical trends suggest the silver price rises over any six year period, but forecasting remains complex. Unlike gold, silver lacks a single price-driving factor, earning its reputation as the “devil’s metal.”

Silver’s extreme financialization — where paper trades vastly outsize physical supply — makes short-term price moves unpredictable. However, long-term demand shifts are clear. Industrial use, especially in solar panels, is set to grow, while speculative demand is expected to decline — though its correlation to gold raises doubts.

Kalinowski added that a key geopolitical wildcard is government stockpiling of silver. Russia recently began adding silver to its reserves, sparking speculation that other nations may follow.

Even a tiny shift in global FOREX reserves into silver could absorb an entire year’s supply.

For Kalinowski, that raises the question: “Could silver become a strategic asset alongside gold?”

He spent the remainder of his time highlighting the seismic shifts occurring in the platinum and palladium markets. With so many supportive fundamentals, analysts are bullish on platinum long term, and the numbers support it.

While total mine supply is expected remain stable, platinum demand is being reshaped, moving away from internal combustion engines and into the hydrogen economy. According to Kalinowski, this transition is expected to drive ongoing supply deficits, with platinum stores reaching a 47 year low.

Palladium, on the other hand, faces a different story. While analysts remain optimistic in the short term, long-term fundamentals for the metal look shaky. A flood of recycled palladium from scrapped gasoline-powered cars — peaking in the mid-2030s — will add massive supply, just as demand declines by 15 percent.

Unlike platinum, palladium has no clear role in the energy transition, raising price concerns long term.

“There is no hydrogen rescue coming for the palladium market; (there is also a) tremendous amount of supply, falling demand (and) price (is) very concerning,” Kalinowski said.

With supply tightening for one and surging for the other, the two metals appear to be on diverging paths — platinum poised for strength, palladium facing pressure.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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